Interested to Buy Any Domain ? << Click Here >> for more details...
If some service provider gives a bill having service tax.
say cost of service is Rs 100, He is adding 12.36% sevice
tax. Total comes 112.36. we have to deduct TDS @ 11.33%.
On what amount we should deduct TDS? (on 100 or 112.36 )
- 16 Answers
- 21905 Views
- Gammon, I also Faced
- E-Mail Answers
Answer Posted / s. mahesh
Mr. Honnurappa A. please explain and write to me
(maheshsundram69@gmail.com)so that I can understand as per
the Income Tax Rule and what is in practice of the
companies are following please.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What are the procedures for remitting WCT?
I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
What doyou mean by assesment order? and for what purpose it will be passed?
What is the difference between fund flow vs. Cash flow?
how to finalaze the balence process using tally
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?
what is procedure of calculation of TDS by bank?
if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?
Is there any change in the section 80E for the financial year 2009-10
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)
WHAT IS THE PROVISION FOR NET PROFIT & LOSS IN PVT LTD CO & LTD CO GIVE ME THE EXAMPLE WITH ENTERY ON MY EMAIL sonidilip87@yahoo.com
what is CST % applicable on garments sales to other state?
should we can take modvat benefit any time or they have some limit time to take input benefit claim?
Type of form use in sales Tax
